Page 24 - CityofRichlandHillsFY26AdoptedBudget

City of Richland Hills

FY 2026 Annual Budget

Five Year Capital Improvement Plan

Project Cost Budget Estimated Estimated Estimated FY Estimated
Funding Source Project Name Estimate FY 2026 FY 2027 FY 2028 2029 FY 2030 Total Cost

RHDC Sales Tax Fund

Kate Baker Park Restroom/Pavilion/Parking Impr ** $ 616,243 $ 170,854 $ - $ - $ - $ - $ 170,854
RHDC Sales Tax Fund Rosebud Park Restroom/Pavilion/Parking Impr ** $ 763,218 $ 472,753 $ - $ - $ - $ - $ 472,753

Street Impr Sales Tax
Fund / 2026 Bond

Issuance Glenview Drive reconstruction *** $ 13,000,000 $ 2,408,000 $ 700,000 $ 4,000,000 $ - $ - $ 7,108,000
2023 Bond Issuance Jameson Street (Street Reconstruction) * $ 564,130 $ 564,130 $ - $ - $ - $ - $ 564,130

2023 Bond Issuance Joanne Court (Street Reconstruction) * $ 275,282 $ 275,282 $ - $ - $ - $ - $ 275,282

2023 Bond Issuance Mary Boaz Drive- 1 (Street Reconstruction) * $ 480,964 $ 480,964 $ - $ - $ - $ - $ 480,964
2023 Bond Issuance Mary Boaz Drive- 2 (Street Reconstruction) * $ 412,923 $ 412,923 $ - $ - $ - $ - $ 412,923

2023 Bond Issuance Brooks Avenue (Street Reconstruction) * $ 597,310 $ 597,310 $ - $ - $ - $ - $ 597,310

2023 Bond Issuance Oxley Drive (Street Reconstruction) * $ 872,592 $ 872,592 $ - $ - $ - $ - $ 872,592

2023 Bond Issuance Cecil Street and Ruth Road (Street Reconstruction) $ 3,500,000 $ 400,000 $ 3,100,000 $ - $ - $ - $ 3,500,000
2028 Bond Issuance Street Reconstruction (neighborhood streets) $ 5,000,000 $ - $ - $ 5,000,000 $ - $ - $ 5,000,000

2029 Bond Issuance Street Reconstruction (neighborhood streets) $ 5,000,000 $ - $ - $ - $ 5,000,000 $ - $ 5,000,000

2030 Bond Issuance Street Reconstruction (neighborhood streets) $ 7,000,000 $ 7,000,000 $ 7,000,000

Utility Fund Scruggs Storage Rehabiliation $ 411,450 $ 205,725 $ 205,725 $ - $ - $ - $ 411,450

Utility Fund London Storage Rehabilitation $ 348,840 $ - $ - $ 174,420 $ 174,420 $ - $ 348,840

Utility Fund Wesley Ground Storage Rehabilitation $ 430,776 $ - $ - $ - $ - $ 215,388 $ 215,388

Oil &Gas Fund/ Strategic

Initiative Fund Safe Routes to School sidewalks $ 2,600,000 $ 600,000 $ 2,000,000 $ - $ - $ - $ 2,600,000

Total $ 41,873,728 $ 7,460,533 $ 6,005,725 $ 9,174,420 $ 5,174,420 $ 7,215,388 $ 35,030,486
* Includes water/sewer line replacements

** Fiscal Year 2025 Budget carry forward
*** Tarrant County contribution to the project is $5,800,000